Time is Ripe for Innovation in the World of Sovereign Debt Restructuring

2020-11-25T10:01:38-05:00November 19, 2020|

By Peter Breuer and Charles Cohen

عربي, 中文, Español, Français, 日本語, Português, Русский 

When corporations have too much debt and need to restructure it, creditors often end up exchanging bonds or loans for stocks. They trade the guaranteed payout of a fixed-income investment for an equity position whose return depends on the company’s future results. […]

Europe’s COVID-19 Crisis and the Fund’s Response

2020-03-31T10:41:36-04:00March 30, 2020|

This blog is part of a series providing regional analysis on the effects of the coronavirus.

By Poul M. Thomsen

عربي, 中文Español,  FrançaisItaliano, 日本語, Português, Русский

COVID-19 has struck Europe with stunning ferocity. While we do not know how long the crisis will last, we know that the economic impact will be severe. In Europe’s major economies, nonessential services closed by government decree account for about one-third of output. […]

Potential Impact of the Coronavirus Epidemic: What We Know and What We Can Do

2020-03-16T15:04:05-04:00March 4, 2020|

This blog is the first of a special series on the response to the coronavirus

By Kristalina Georgieva

عربي, 中文, Español, Français日本語, Português, Русский

We all recognize that the situation with the spread of the coronavirus is very serious and could well get worse. This affects us all. Let me start with what we know and what we don’t yet know about the coronavirus and then how the global community can support those affected by this crisis in an effective and coordinated way. […]

A Call for Vigilance After a Strong Year for Risky Assets

2021-05-13T12:56:12-04:00January 28, 2020|

By Tobias Adrian and Fabio Natalucci

عربي, 中文, Español, Français

While we have seen some recent volatility, many risky asset markets around the world had a spectacular year in 2019. Equity market indices were up just over 30 percent in the United States, close to 25 percent in Europe and China, and over 15 percent in emerging markets and Japan. Emerging-market sovereign debt, U.S. high-yield debt, and emerging-market corporate debt all had returns in excess of 12 percent. Remarkably, the fourth quarter of 2019 was […]

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